Hims & Hers (HIMS.US) is up more than 6% in pre-market trading today following news of its planned acquisition of the European platform, ZAVA. The acquisition is part of the company's strategy to expand its global operations.
The exact terms of the transaction are not yet known, but according to press reports, the deal will be an all-cash transaction and is expected to close in 2026. For the company, this presents an opportunity to expand operations in the UK, Germany, France, and Ireland.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThe company has seen an impressive over 130% increase since the end of April, when the cooperation between Hims & Hers and Novo Nordisk for the distribution of Wegovy was announced. Hims' strongest revenue growth driver has been the sale of cheaper copycats of the weight-loss drugs, thanks to Novo Nordisk and Eli Lilly products being listed on drug shortage lists. When these drugs were removed from the list, the sale of copycats ceased to be legal, and the company's stock plummeted by over 62% from its February highs at its worst point. Currently, the company's stock has returned to around its February levels.
The company's stock is up over 6% in pre-market trading. Source: xStation
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.